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Loan Contract With Collateral
1. Parties: Identification of the lender and borrower with full legal names, registration numbers, and addresses
2. Background: Context of the loan agreement and purpose of the facility
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. The Facility: Principal terms of the loan including amount, purpose, and drawdown conditions
5. Interest and Fees: Interest rate, calculation method, payment dates, and applicable fees
6. Repayment Terms: Repayment schedule, prepayment provisions, and payment mechanics
7. Security and Collateral: Description of collateral, creation of security interest, and perfection requirements
8. Representations and Warranties: Standard representations by the borrower regarding legal capacity, collateral ownership, etc.
9. Covenants: Ongoing obligations of the borrower including maintenance of collateral and financial covenants
10. Events of Default: Circumstances constituting default and consequences thereof
11. Enforcement Rights: Lender's rights regarding the collateral upon default
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Specification of Danish law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Multiple Lenders: Required when there is more than one lender, including provisions for sharing of security and decision-making
2. Insurance Requirements: Detailed insurance obligations when specific insurance coverage of collateral is required
3. Guarantee Provisions: When the loan is supported by personal or corporate guarantees in addition to collateral
4. Currency Provisions: Required for loans in currencies other than Danish Krone, including exchange rate mechanisms
5. Tax Provisions: Detailed tax provisions when complex tax implications exist or for cross-border situations
6. Assignment and Transfer: Detailed provisions for transferability of the loan and security interests when relevant
7. Priority and Subordination: Required when there are multiple security interests or creditors
8. Special Collateral Provisions: Specific provisions for unique types of collateral (e.g., intellectual property, vehicles)
1. Schedule 1 - Loan Terms: Detailed financial terms including precise interest calculations, payment dates, and amounts
2. Schedule 2 - Collateral Description: Detailed description and documentation of all collateral assets
3. Schedule 3 - Conditions Precedent: List of documents and conditions required before loan drawdown
4. Schedule 4 - Form of Drawdown Notice: Template for borrower to request loan disbursement
5. Schedule 5 - Security Documents: Forms of security agreements, registrations, and perfection documents
6. Schedule 6 - Payment Schedule: Detailed amortization schedule if applicable
7. Appendix A - Valuation Reports: Independent valuation reports for the collateral
8. Appendix B - Insurance Certificates: Copies of required insurance policies covering the collateral
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